Vital Stats Dashboard

The two-column assessment reveals massive gaps between priorities and actual time allocation

Exercise requires writing 5 most important life priorities in left column and 5 activities you spend most time doing in

Honest assessment of time allocation includes activities like worrying and working hard, not just productive tasks

Eben specifically mentions that the five activities people spend most time doing may include worrying, working hard, or

Create a vital stats dashboard with just 4 financial metrics tracked daily over 90 days to gain complete business visibility

Eben created a simplified dashboard tracking bank balance, daily cash deposits, net cash, and daily expenses over 90 day

Track bank balance daily to reveal business payment cycles and cash flow patterns

In Eben's 90-day tracking period, the bank balance showed clear cycles going up and dropping off every two weeks, reveal

Monitor daily cash deposits to understand revenue timing patterns

Eben's tracking showed Monday and Tuesday were high deposit days with weekend deposits coming in, followed by three lowe

Implement a 'net cash' metric that shows real business value by accounting for all incoming money, bank balance, and upcoming obligations

Eben invented this mini-accrual method to know where they'd actually stand if they settled up everything happening right

Track daily expenses with moving averages to smooth out fluctuations and reveal true spending patterns

Eben's team logged expenses daily from credit cards and checks, then ran moving averages that revealed consistent spendi

Most entrepreneurs lack basic visibility into whether their business is stable, growing, or declining

When Eben asks entrepreneurs to show him tracking charts, they say no, and when asked if they have a feel for what's hap

Implementing daily vital stats tracking takes only minutes per day and costs approximately $5 daily

Eben calculates that having a $10/hour administrative person spend 30 minutes daily logging into terminals and filling i

Daily business tracking provides emotional relief and certainty for entrepreneurs

Eben describes how having a daily chart delivered to your email that you can glance at provides 'relief,' 'a little more

What are the 4 metrics in Eben Pagan's vital stats dashboard?

Bank balance, daily cash deposits, net cash (real business value accounting for all money in/out), and daily expenses tracked over 90 days.

From: How To Chart The Progress Of Your Company

How long does it take to build a vital stats dashboard?

Just minutes per day to gather the data - someone logs into terminals and fills in four numbers for dates, bank balance, cash deposits, net cash, and expenses.

From: How To Chart The Progress Of Your Company